Correlation Between Virtus Rampart and Virtus High
Can any of the company-specific risk be diversified away by investing in both Virtus Rampart and Virtus High at the same time? Although using a correlation coefficient on its own may not help to predict future stock returns, this module helps to understand the diversifiable risk of combining Virtus Rampart and Virtus High into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between Virtus Rampart Enhanced and Virtus High Yield, you can compare the effects of market volatilities on Virtus Rampart and Virtus High and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in Virtus Rampart with a short position of Virtus High. Check out your portfolio center. Please also check ongoing floating volatility patterns of Virtus Rampart and Virtus High.
Diversification Opportunities for Virtus Rampart and Virtus High
0.95 | Correlation Coefficient |
Almost no diversification
The 3 months correlation between Virtus and Virtus is 0.95. Overlapping area represents the amount of risk that can be diversified away by holding Virtus Rampart Enhanced and Virtus High Yield in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Virtus High Yield and Virtus Rampart is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on Virtus Rampart Enhanced are associated (or correlated) with Virtus High. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Virtus High Yield has no effect on the direction of Virtus Rampart i.e., Virtus Rampart and Virtus High go up and down completely randomly.
Pair Corralation between Virtus Rampart and Virtus High
Assuming the 90 days horizon Virtus Rampart Enhanced is expected to generate 2.73 times more return on investment than Virtus High. However, Virtus Rampart is 2.73 times more volatile than Virtus High Yield. It trades about 0.21 of its potential returns per unit of risk. Virtus High Yield is currently generating about 0.31 per unit of risk. If you would invest 1,723 in Virtus Rampart Enhanced on April 30, 2025 and sell it today you would earn a total of 136.00 from holding Virtus Rampart Enhanced or generate 7.89% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Together |
| Strength | Very Strong |
| Accuracy | 100.0% |
| Values | Daily Returns |
Virtus Rampart Enhanced vs. Virtus High Yield
Performance |
| Timeline |
| Virtus Rampart Enhanced |
Risk-Adjusted Performance
Solid
Weak | Strong |
| Virtus High Yield |
Virtus Rampart and Virtus High Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with Virtus Rampart and Virtus High
The main advantage of trading using opposite Virtus Rampart and Virtus High positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if Virtus Rampart position performs unexpectedly, Virtus High can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Virtus High will offset losses from the drop in Virtus High's long position.| Virtus Rampart vs. Pace High Yield | Virtus Rampart vs. Americafirst Monthly Risk On | Virtus Rampart vs. Transamerica High Yield | Virtus Rampart vs. Needham Aggressive Growth |
| Virtus High vs. Columbia Diversified Equity | Virtus High vs. Elfun Diversified Fund | Virtus High vs. Oppenheimer International Diversified | Virtus High vs. Tiaa Cref Small Cap Blend |
Check out your portfolio center.Note that this page's information should be used as a complementary analysis to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.
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